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NHP Sees Second Quarter Improvement

remstaff &Globe Street | July 29, 2002

NEWPORT BEACH, CA-Although still below last year's figures, Nationwide Health Properties Inc.'s results for second quarter 2002 show an improvement over the REIT's first quarter performance. Funds from operations was $21,996,000 or $0.45 per diluted share, as compared with last quarter's FFO, which was $21,051,000 or $0.44 per diluted share.

Senior Housing Firm Reports Strong Activity

remstaff &Globe Street | July 29, 2002

SAN DIEGO-Senior Resource Group LLC is reporting record pre-lease activity at new communities in San Diego, Sherman Oaks and Santa Barbara. The firm's newest development, in Sherman Oaks, reached full occupancy within six months of opening.

Apartment Market Getting Poised for Rebound

remstaff &Globe Street | July 29, 2002

AUSTIN-Occupancy overall is up slightly while rents, across the board, continue to drop. The conclusion is Austin may be close to the bottom of the cycle. It's only the second time in a decade that occupancy rose after college students left.

11,048-SF Office Building Changes Hands

remstaff &Globe Street | July 29, 2002

LAKE FOREST, CA-Buyer OOA Investments Inc. pays $1.7 million for the property, which is located at 31 Orchard in Lake Forest. The transaction is the latest in a string of deals to occur in the South Orange County office market, which recently saw positive net absorption for the first time in two years.

Kansas Retail Center Goes for Less Than $14M

remstaff &Globe Street | July 29, 2002

BINGHAM FARMS, MI-Pine Ridge Plaza in Lawrence, KS trades for $55 per sf as Malan Realty Investors Inc. unloads the property to pay down debt. Meanwhile, a deal is in place to sell several Kmart-anchored properties.

JV Buys 417 5th Ave. for $127M

remstaff &Globe Street | July 29, 2002

NEW YORK CITY-The new venture's first buy is a 412,000-sf office building at Fifth Avenue and 38th Street in Midtown's Grand Central District. The seller a partnership of Blackacre Capital Group and Emmes & Co.

Newport Beach Trust Pays $2.9M for Complex

remstaff &Globe Street | July 29, 2002

COSTA MESA, CA-The Sam Ayoub Trust acquires the 24-unit La Costa apartment community, which is located at 354 Avocado St. Smaller properties like La Costa have become a favorite among private investors in recent years, according to industry experts.

C&W Wins Bell Atlantic Tower Management Job

remstaff &Globe Street | July 29, 2002

PHILADELPHIA-The local office of New York-based Cushman & Wakefield's asset services department is awarded management of the 53-story, 1-million-sf, class-A office building at 1717 Arch Street in Center City, developed by Bell

Franchising Seen as Next Big Opportunity

remstaff &Globe Street | July 29, 2002

DENVER-"Franchising is really a growing area right now," retail lawyer Andrew L. Pidcock tells GlobeSt.com. However, the trend still won't erase all of the empty storefronts in the market, experts say.

Whittier is Latest Downtown Hotel for Sale

remstaff &Globe Street | July 29, 2002

DETROIT-The 400,000-sf historical property has three towers along the Detroit River. One broker tells GlobeSt.com the property could become an excellent mixed-use facility after a renovation.

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NHP Sees Second Quarter Improvement

Senior Housing Firm Reports Strong Activity

Apartment Market Getting Poised for Rebound

11,048-SF Office Building Changes Hands

Kansas Retail Center Goes for Less Than $14M

JV Buys 417 5th Ave. for $127M

Newport Beach Trust Pays $2.9M for Complex

C&W Wins Bell Atlantic Tower Management Job

Franchising Seen as Next Big Opportunity

Whittier is Latest Downtown Hotel for Sale

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